Chinese retailers slash iPhone prices

Several Chinese electronics retailers have slashed iPhone prices this week.

Apple has been trailing local competitors such as Huawei, that offer cheaper options in China, home to the world's biggest smartphone market in terms of shipment volume.

Apple's China woes come against the backdrop of a broader slowdown in demand for gadgets across the tech sector as the country's economic growth slows, exacerbated by Beijing's festering trade war with the United States.